DealBook – More Bitcoin Regulation Is Inevitable – 4 February 2014

DealBook

(Lucas : Main reason for posting is that I have said how fast this Bitcoin thing would be incorporated and regulated…. and therefore what is different from a manipulated fiat currency…. nothing… it is and was a beautiful set up…. for you.)

By PETER J. HENNING

The next phase in the development of virtual currencies like Bitcoin was highlighted at a hearing last week conducted by Benjamin M. Lawsky, New York State’s top banking regulator. The question is not whether there will be greater regulation of firms developing new methods of transmitting payments with nongovernment currencies, but how much regulation they will face.

Read the full story at: http://www.dealbook.nytimes.com/ link to original article

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